UAE tipped for property comeback

The UAE is set for a property boost as a new report has said Dubai is due to see its prices start to rise again.

International property agency Chesterton has predicted that the emirate will see values increase by between four and six per cent each year between now and 2015.

Chairman of Chesterton International Salah Mussa remarked: "Domestic and international buyers now have the opportunity to take long-term investment decisions and purchase property at the bottom of the market before the economy starts to grow."

He added that the "high quality" rental prospects offered by the emirate, combined with its accessibility to London, India and other parts of Asia, make Dubai a strong prospect.

Improving infrastructure and rising tourism numbers are also positive developments that will aid its growth, Mr Mussa predicted.

Dubai and Abu Dhabi were listed among the best prospects for long term property investment in a recent report by international real estate research firm Jones Lang LaSalle.